China to extend sulfur limitations for bunker fuels along entire coastline

China to extend sulfur limitations for bunker fuels along entire coastline

Hunan, China — China is set to tighten its sulfur-limit restrictions for ships by extending the 0.5% bunker fuel sulfur limit from the initially designated Emission Control Areas (ECAs) to the entire coastline, industry sources told Platts.

In view of the rising concerns over environmental pollution, tightening sulfur-limit restrictions is no surprise, a Beijing-based coal trader noted, adding that coastal shipowners will have to bear the brunt, and in turn, may be forced to raise coastal freights.

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Coming changes in marine fuel sulfur limits will affect global oil markets

Coming changes in marine fuel sulfur limits will affect global oil markets

International regulations limiting sulfur in fuels for ocean-going vessels, set to take effect in January 2020, have implications for vessel operators, refiners, and global oil markets. Stakeholders will respond to these regulations in different ways, increasing uncertainty for crude oil and petroleum product price formation in both the short and long term.

When burned, the sulfur in marine fuel produces sulfur dioxide, a precursor to acid rain. The sulfur content of transportation fuels has been declining for many years because of increasingly stringent regulations implemented by individual countries or groups of countries. In the United States, federal and state regulations limit the amount of sulfur present in motor gasoline, diesel fuel, and heating oil.

The upcoming 2020 rules apply across multiple countries’ jurisdictions to fuels used in the open ocean, representing the largest portion of the approximately 3.9 million barrel per day global marine fuel market, according to the International Energy Agency.

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IMO pushing “Just-in-Time” ship operations to reduce bunker consumption, emissions (Video)

IMO pushing “Just-in-Time” ship operations to reduce bunker consumption, emissions (Video)

The IMO is pushing “Just-in-Time” ship operations as a means to reduce bunker consumption and their associated emissions.

“Implementing “Just-in-Time” ship operations means ships receive information in advance so they can time their arrival at the berth. This can also allow ships to slow down, providing further reduction in the carbon footprint of shipping as well as saving fuel costs, “IMO explains.

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IMO2020 to restore premium on the quality refined products, says US refiner

IMO2020 to restore premium on the quality refined products, says US refiner

Oil market conditions that has seen US refiners opt for lighter over heavier crudes should ease as IMO2020 restores demand for quality refined products, a US refined has said.

Par Petroleum chief executive Joseph Israel speaking at an Argus Petroleum event in Miami said that fall in demand for high sulfur fuel oil after January 2020 and increase in demand for low sulfur product should restore the quality premiums seen in the refining industry before 2011.

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Bunker Sulfur Regs Compliance: PSC Inspection Campaign to Target 10,000 Ships

Bunker Sulfur Regs Compliance: PSC Inspection Campaign to Target 10,000 Ships

Port State Control(PSC) officials today announced an upcoming campaign to check vessels’ compliance with MARPOL Annes VI, and in particular, their compliance with marine fuel sulfur regulations.

In a joint statement today, the Maritime Authorities of the Tokyo and the Paris Memoranda of Understanding (MoU) said their joint Concentrated Inspection Campaign (CIC) will run from September 1, 2018 until November 30,2018, with Lloyd’s Register indicating some 10,000 ships are likely to be subjected to the CIC during this period.

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